and a whole lot more…

As $CSX posted 3Q17 results, it reaffirmed FY17 adjusted expectations with operating ratio around the high end of mid-60s and EPS growth to be 20–25% off the FY16 reported base of $1.81. Free cash flow before dividends is seen to be around $1.5Bil in the full year.

For FY18, $CSX expects revenue to be up slightly with merchandising intermodal services offerings much better than last year. The company expects to see "more favourable results" in the second half of the year.

Even as revenue slipped 6% to $2.86Bil, $CSX saw earnings jump almost 9 times to $4.14Bil or $4.62 per diluted share in 4Q17 from last year's $458MM or $0.49 per share. This was due to a $3.16Bil income tax benefit in the quarter.

$CSX named James Foote as the company’s President and CEO, effective Dec. 22, 2017. Foote was named acting CEO on Dec. 14, 2017 after Hunter Harrison was placed on medical leave. James Foote will also join the company's BoD.

$CSX announced that CEO and President E. Hunter Harrison is on medical leave due to unexpected complications from a recent illness. Therefore, the Board of Directors named COO James M. Foote as acting CEO of the Company.

As $CSX posted 3Q17 results, it reaffirmed FY17 adjusted expectations with operating ratio around the high end of mid-60s and EPS growth to be 20–25% off the FY16 reported base of $1.81. Free cash flow before dividends is seen to be around $1.5Bil in the full year.

As $CSX posted 3Q17 results, it announced that the overall volume outlook in 4Q17 is neutral. For Intermodal and Export Coal, the guidance is favorable while it is neutral for Agriculture and Food, and Metals and Equipment in the coming quarter.

Even as nine empty rail cars derailed from a $CSX train on Oct 14 while traveling through Jacksonville, the railroad company posted 3Q17 results with net profit rising 1% to $459MM or $0.51 per diluted share. Net revenue inched 1% up to $2.74Bil.

$CSX sees significant
sequential improvement in productivity in the second half of 2017. The main
focus of the company in the remainder of the year would be to ensure reliability in
train transit times, while taking initiatives to minimize cost and improve pricing.

Railroad company $CSX said train operations will increase
sequentially in the coming quarters. The company expects to transport 30MM tonnes of commodities
in the remainder of the year. The positive consumer sentiment indicates further
growth in operations in 3Q17. Meanwhile, automobile shipments will be impacted
by softening production.

$CSX continues to expect its EPS to grow
around 25%, off the 2016-reported base of $1.81, in fiscal 2017. Operating
ratio is forecast to be in the mid-60s. The company estimates its free cash
flow before dividends to be around $1.5Bil during the year. In 2Q17, the BoD authorized an additional $500MM
for the current share repurchase program.

Railroad company $CSX reported a 2Q17
profit of $510MM or $0.55 per share, higher than $445MM or $0.47 per share
recorded last year. Non-GAAP income, excluding restructuring
charges, was $0.64 per share. Revenues advanced 8% YoY in 2Q17. The growth was driven
mainly by coal-related gains, better pricing and volume, and increased fuel
recovery.